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Affordable Housing
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Cooling a Hot Seller’s Market: Local Demand Meets Rising Interest Rates
As mortgage interest rates have risen, our local Middle Tennessee housing market has cooled but definitely not stalled. Following supply, an indicator of how many months worth of houses buyers have to choose from, we are still very much in a seller’s market.
Affordable Housing
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Nashville Housing Market March 2024
Despite interest rates being a half point higher than they were last February, there were more closings, more homes added to the market, and the highest median price since last July.
Affordable Housing
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Buyers Market and Sellers Market Explained
“Buyers Market” and “Sellers Market” are often used subjectively. However, they are objective terms which when used appropriately can help you understand people’s behavior within a market.